Events to Watch:
- RPAC Major Investor Reception (Invite Only) – April 6
- RSCK Fair Housing Month Proclamation at Wichita City Hall – April 11, 8:45am
- Wichita Regional Chamber Federal Issue Forum – April 11, 11:45am
- City of Wichita Greater Wichita Housing Conference (formerly Housing Providers Conference) at Century II – April 19-20
- REALTOR® Legislative Meetings in Washington, DC – May 6-11
Tax Season Reminder:
Beyond from the contractual obligations of our jobs as REALTORS®, we also have the important duty of complaining about property taxes – it’s just the nature of the position. And given the market and our county assessments last year, it seems we have more to complain about than usual. Property taxes are significantly more troublesome if you are a senior or disabled veteran (or spouse) with limited income. Fortunately, REALTORS® and the Legislature were uncharacteristically aligned in 2022 and expanded the property tax refund program for the most vulnerable in our state. Put your money where your mouth is this tax season and make sure the seniors and disabled veterans in your life are taking advantage of this program. See information below on Qualifications, Filing a Claim, and When & Where to File.
Questions about the politics that led to this policy? Contact Gentry Thiesen, Government Affairs Director, at gentry@sckrealtors.com. Questions about filing the forms? Contact the Kansas Department of Revenue - call 785-368-8222 or email kdor_tac@ks.gov.
Qualifications:
A homestead claim (K-40H) is for homeowners who own and occupy their homestead and were residents of Kansas all of 2022. This refund program is not available to renters. As an owner your name is on the deed for the homestead. As a resident the entire year and a homeowner, you are eligible if your total household income is $37,750 or less and you: 1) were born before January 1, 1967, or 2) were blind or totally and permanently disabled all of 2022, or 3) have a dependent child who lived with you the entire year who was born before January 1, 2022, and was under the age of 18 all of 2022.
The property tax relief claim (K-40PT) is for homeowners that were 65 years of age or older, with a household income of $22,000 or less, and a resident of Kansas all of 2022.
The property tax relief claim (K-40SVR) is for homeowners that are seniors, disabled veterans or spouses of veterans 65 years of age or older with household income of no more than $50,000.
Only one refund claim (K-40H, K-40PT or K-40SVR) may be filed for each household. A married couple OR two or more individuals who together occupy the same household may only file one claim. A married couple who own and occupy separate households may file separate claims and include only their individual income.
Filing a Claim:
The Homestead claim (K-40H) allows a rebate of a portion of the property taxes paid on a Kansas resident’s homestead. A homestead is the house, mobile or manufactured home, or other dwelling subject to property tax that you own and occupy as a residence. Your refund percentage is based on your total household income and the refund is a percentage of your general property tax. The maximum refund is $700.
The Property Tax Relief claim (K-40PT) allows a refund of property tax for low income senior citizens that own their home. The refund is 75% of the property taxes actually and timely paid on real or personal property used as their principal residence. Claimants that receive this refund cannot claim a Homestead refund.
The Property Tax Relief claim (K-40SVR) allows a refund of property tax for seniors, disabled veterans and spouses of veterans 65 years of age or older.
When and Where to File:
File your claim after December 31, 2022 but no later than April 18, 2023. Mail your claim to the address shown on the back of your K-40H, K-40PT or K-40SVR.